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La Pine Urban Renewal Agency adopts $1.97 million FY 2026–27 budget, declares tax increment
Summary
The La Pine Urban Renewal Agency unanimously adopted a $1,968,755 FY 2026–27 budget that sets $750,000 for a planned archway, a $295,313 contingency, and reserves leaving about $1 million untouchable; the agency also declared a proposed tax increment estimated at $437,500.
The La Pine Urban Renewal Agency on June 2 adopted its fiscal year 2026–27 budget, including $750,000 earmarked as capital outlay for a proposed archway and a total budget (with reserves) of $1,968,755.
A staff member summarized the key line items, saying, “The materials and services for the upcoming year, 123,250,” and adding that “the capital outlay, 750,000 represents the money that we may spend on the archway.” Staff also explained contingency of $295,313 and a reserve and unappropriated ending fund balance that together leave roughly $800,192 set aside and not intended for spending this year.
During the meeting a motion to adopt the resolution making appropriations and declaring the tax increment was moved and seconded. The roll-call vote recorded four affirmative votes: Wanda Anderson — aye; Vicky Russell — aye; Andrea Heine — aye; and Kathy Van Dam — aye. The chair announced the motion passed and the budget was adopted.
Staff noted the board is formally declaring the tax increment so the county clerk and assessor can process the urban-renewal increment; staff said the estimate proposed for this year was $437,500. The agency’s staff also emphasized that contingency has not historically been used and any dipping into contingency would require a later resolution.
The resolution adopted at this meeting completes the agency’s adoption phase for the year’s budget; there were no amendments at the prior approval hearing and no substantive changes from the materials presented in the packet.
